03 apr 2013 closing prices
mpi (metro pacific investments)
s: 5.54, 5.50, 5.44/5.43, 5.32, 5.20, 5.18
r: 5.69/5.70/5.71, 5.80
macd histogram: (+)
macd histogram direction: (+)
2. the macd, rsi and sts all moving higher ... the sts already @oberbot levels ...
3. i added a few more mpi's ... also adjusting my stops ...
4. next resistance: 5.69/5.70/5.71
5. it is possible that profit taking will ensue in the coming days as mpi has already gone up about 50-70 cents from its 5.01/5.18 lows ...
a. sell half of the position to lock in profits ...
b. sell all ... expecting mpi to have reached its interim highs .. with the plan to buy bak once its new bottom has been established ..
c. just adjust stops and continue holding on ...
previous MPI monitor: The Ninja Stock Monitor: MPI (30 mar 2013)
for reference .. you may also want to read: my trading rules
p.s.2: to blog readers with mpi ... my notes above are just that .. my notes to myself .. u have to plan for your own trades tomoro and the next few days ..
p.s.3: to blog readers with no mpi's .. just read the blog and see if u can make use of the ideas contained herein ... and see if u can apply them to ur trades ..